Use this information to answer the following question. The transactions below pertain to Dunhill Company, whose fiscal year ends April 30. April 10 Received cash for a 90-day, 12 percent, $50,000 note payable. Interest is in addition to the face value. 30 Made end-of-year adjusting entry to accrue interest expense. The entry to record the April 10 transaction (amounts rounded) is:
A) Cash 1,480 Notes Payable 1,480
B) Cash 48,520 Accounts Receivable 48,520
C) Cash 48,520 Notes Payable 48,520
D) Cash 50,000 Notes Payable 50,000
D
You might also like to view...
Cloud computing is decreasing as hardware resources become cheaper because acquisition of resources is slow and not scalable
Indicate whether the statement is true or false
In the four primary scales, the level of measurement increases from ordinal to nominal to ratio to interval scale. This increase in measurement level is obtained at the cost of complexity
Indicate whether the statement is true or false
Arkansas Toys, a retail store, has three sales departments supported by two service departments. Cost and operational data for each department follow: Sales Deptartment Sales Cost of Goods SoldSquare FootagePurch. Orders Issued1 $92,160 $36,8641,7281,260269,12032,8323,0241,680380,64032,2561,2962,310ServiceDepartmentsAllocation BasisCostAdvertising………..Sales$10,000Purchasing………...No. of purchase orders issued 12,000Determine the service department expenses to be allocated to Sales Department 1 for (round answers to whole dollars):Advertising ________Purchasing ________
What will be an ideal response?
Your portfolio consists of $50,000 invested in Stock X and $50,000 invested in Stock Y. Both stocks have an expected return of 15%, betas of 1.6, and standard deviations of 30%. The returns of the two stocks are independent, so the correlation coefficient between them, rXY, is zero. Which of the following statements best describes the characteristics of your 2-stock portfolio?
A. Your portfolio has a standard deviation of 30%, and its expected return is 15%. B. Your portfolio has a standard deviation less than 30%, and its beta is greater than 1.6. C. Your portfolio has a beta equal to 1.6, and its expected return is 15%. D. Your portfolio has a beta greater than 1.6, and its expected return is greater than 15%. E. Your portfolio has a standard deviation greater than 30% and a beta equal to 1.6.